Open AccessDeterminants of dividend behaviour in select indian companies - an empirical analysis
Author(s) -
Mohanraj,
S Sounthri
Publication year - 2013
Publication title -
journal of management and science
Language(s) - English
Resource type - Journals
eISSN - 2250-1819
pISSN - 2249-1260
DOI - 10.26524/jms.2013.4
Subject(s) - dividend , dividend policy , earnings , context (archaeology) , empirical research , cash flow , financial economics , econometrics , free cash flow , retained earnings , sample (material) , dividend yield , economics , business , monetary economics , accounting , finance , statistics , mathematics , paleontology , chemistry , chromatography , biology
This study examines the Corporate Dividend Behaviour in the Indian context through Lintner‘s dividend model,Brittain‘s Cash Flow Model and Btittain‘s explicit Dividend Model. Results of this study will be uselful for designing dividend policies at the firm level and to analyze the saving behaviour at the macro level. The high dividend paying companies listed in NSE constitute the sample for the present study carried out as cross-sectional analysis for the year 2001-02 to 2011-12. The empirical result shows that the main determinants of current dividends are the Lagged Dividend and Current Earnings.